Shares of Hardwoods Distribution Inc. (TSE:HDI – Get Rating) have been given an average rating of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$63.86.
Several analysts have issued reports on the company. TD Securities upped their price objective on Hardwoods Distribution from C$65.00 to C$73.00 and gave the company a “buy” rating in a research note on Monday, May 16th. CIBC cut their price objective on Hardwoods Distribution from C$61.00 to C$50.00 in a research note on Thursday, April 21st. Cormark dropped their price target on Hardwoods Distribution from C$70.00 to C$55.00 in a research report on Monday, May 16th. National Bankshares increased their price target on Hardwoods Distribution from C$79.00 to C$79.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 15th. Finally, Canaccord Genuity Group increased their price target on Hardwoods Distribution from C$60.00 to C$63.00 in a research report on Monday, May 16th.
TSE HDI traded up C$0.12 on Friday, hitting C$28.41. 132,981 shares of the stock traded hands, compared to its average volume of 104,149. The stock has a 50-day moving average of C$32.42 and a 200 day moving average of C$38.60. Hardwoods Distribution has a twelve month low of C$28.18 and a twelve month high of C$49.58. The company has a market capitalization of C$676.67 million and a P/E ratio of 3.77. The company has a current ratio of 1.49, a quick ratio of 0.46 and a debt-to-equity ratio of 196.76.
About Hardwoods Distribution (Get Rating)
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.
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